PRODUCT FOR INVESTMENT - NEW BUILD HOME FOR SALE
ON SALE. According to the Technical Report, 84% of the new housing building is completed. in the heart of the consolidated town of El Escorial, a town chosen as the representative nucleus of the Sierra de Madrid, next to the Town Hall, train station, Tax Agency, a privileged place of high demand for homes whether for purchase, long-term rental or holiday rental.
The newly built building has 11 apartments available to be exploited for quick rent as Airbnb, converting it into tourist use, with 1, 2, 3 and 4 bedrooms from 56 to 128 meters, with 8 parking spaces and 13 storage rooms that serve this great block of single-family homes. On a plot of 451 square meters it has 1399 meters built on 4 floors.
The value of this finished building at a market price of a used house is currently €2,902,000, but due to its current unfinished condition, the pertinent discounts are made until reaching the figure for which it is offered.
The value per square meter of new housing in the area amounts to €3400, so the investment generates an approximate margin of 30% profit on sale and 7% on long-term rentals, 15% per year after expenses.
If you want to explore the real estate business opportunity with the exact numbers and your profitability analysis, we are at your complete disposal to have a video conference via Google Meet and explain all the details of the operation.
Your Home in the Sierra Real State in www.tucasaenlasierra.com